Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: tyc:> who wrote (55953)	1/25/2008 3:45:33 PM
From: marcos	Read Replies (1) of 78426

mr.to/mrb - not easy to understand Metallica, it's a producer but a new one, unproven, plus its producing asset at CSP forms a minority of its total value ... as for the majority of value, at el Morro, thirty per cent of the JV doesn't sound like much, but a few hundred millions in capex does ... plus they're more exposed to BMs in a time for PMs ... it could take a while for interest to build, i'm sticking tight with it but sort of half expect to be able to add cheaper

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